Lpl Financial Holdings Inc
Officers & Directors
Mark S. Casady — Chief Executive Officer and Chair of the Board of Directors
Mr. Casady is chair of the board of directors and our chief executive officer.
He joined us in May 2002 as chief operating officer, became our president in
April 2003, and became our chief executive officer of our subsidiary LPL Financial
in August 2004. He was named the Companys chairman in December 2005 and its
chief executive officer in March 2006. Before joining our Company, Mr. Casady
was managing director, mutual fund group for Deutsche Asset Management, Americas
— formerly Scudder Investments. He joined Scudder in 1994 and held roles
as managing director — Americas; head of global mutual fund group and
head of defined contribution services. He was also a member of the Scudder,
Stevens and Clark Board of Directors and Management Committee. Mr. Casady is
a member of the board of the Financial Services Roundtable, EZE Software Group,
and Citizens Financial Group. He is a former member of FINRAs board of governors
and former chair of the Insured Retirement Institute. He has also previously
served on the executive committee of the Investment Company Institute board
of governors. Mr. Casady received his B.S. from Indiana University and his M.B.A.
from DePaul University.
Matthew J. Audette — Chief Financial Officer
Mr. Audette is our chief financial officer. He is responsible for the Company’s
core financial functions including: financial planning and analysis, controllership,
tax, internal audit, treasury, corporate development, and investor relations.
Prior to joining LPL in September 2015, he served as executive vice president
and chief financial officer of E'TRADE Financial Corporation ("E'Trade")
from January 2011 until June 2015. During his 16 years with E'TRADE, he led
the formation of the firm’s Finance department and was a key contributor
to its growth, leading a variety of corporate transactions and capital activities.
Mr. Audette began his career in the financial services practice at KPMG. Mr.
Audette earned a B.S. in accounting from Virginia Polytechnic Institute and
State University, popularly known as Virginia Tech.
Dan H. Arnold — President
Mr. Arnold has served as our president since March 2015, with oversight of the
our primary client-facing functions. He leads the Advisor and Institution Solutions
business unit, which focuses on business development, existing advisor and institution
growth, enhancing the client experience, research and corporate strategy, and
sponsor partnerships. Previously, Mr. Arnold served as our chief financial officer
from November 2012 to March 2015 and was responsible for formulating financial
policy, leading the company’s capital management efforts, and ensuring
the effectiveness of the organization’s financial functions. Prior to
2012, he was managing director, head of strategy, with responsibility for long-term
strategic planning for the firm, product and platform development, and strategic
investments, including acquisitions. He has also served as divisional president
of our Institution Services business. Mr. Arnold joined our Company in January
2007 following our acquisition of UVEST. Prior to joining us, Mr. Arnold worked
at UVEST for 13 years, serving most recently as president and chief operating
officer. Mr. Arnold earned a B.S. in electrical engineering from Auburn University
and holds an M.B.A. in finance from Georgia State University.
David P. Bergers — Managing Director, Legal and Government Relations,
General Counsel
Mr. Bergers is general counsel of LPL Financial Holdings Inc. and managing director
of legal and government relations at LPL Financial. Mr. Bergers has more than
20 years of experience as a practicing attorney, corporate counsel and government
regulator. He joined us in August 2013 from the Securities and Exchange Commission,
where he served 13 years, most recently as acting deputy director of the enforcement
division in Washington, DC. From 2006 to 2013, he served as director of the
SEC’s Boston regional office. Previously, Mr. Bergers was vice president
and assistant general counsel at Tucker Anthony, an independent investment banking
and brokerage firm that was later acquired by Royal Bank of Canada, and counsel
to Freedom Capital Management, an affiliated investment adviser. He also was
a litigator for several years with law firms in the Boston and Philadelphia
areas. Mr. Bergers earned a B.A. in history from Eastern Nazarene College in
Massachusetts and a J.D. from Yale Law School.
Tracy Calder - Managing Director, Deputy Chief Risk Officer
Ms. Calder is managing director, deputy chief risk officer, with oversight of
the compliance and operational market and credit risk management functions.
She joined us in January 2016 and is responsible for furthering our efforts
to foster an environment that identifies and mitigates risk for LPL and our
clients. Ms. Calder worked most recently at J.P. Morgan Securities LLC, where
she served as managing director, chief compliance officer from May 2015 until
December 2015. At J.P. Morgan, she led a compliance program that spanned the
firm’s institutional and private client broker/dealer and registered investment
advisor (RIA) businesses. She joined J.P. Morgan as managing director and head
of brokerage and fiduciary compliance in August 2013. Prior to J.P. Morgan,
she served as senior vice president at Wells Fargo Advisors from March 2012
to July 2013, where she led the retail compliance program for the firm’s
broker/dealer. Previously, Ms. Calder spent 18 years with UBS Wealth Management
Americas in a variety of legal and compliance roles, including as head of legal
for the Wealth Management Advisor Group and as chief compliance officer and
senior deputy general counsel for UBS Financial Services Inc. Ms. Calder earned
a Bachelor of Arts from Fordham University and a J.D. from the University of
North Carolina School of Law.
Victor P. Fetter — Managing Director, Chief Information Officer
Managing director and chief information officer since 2012, Mr. Fetter has oversight
of our Business Technology Services business unit. He is responsible for bringing
to life our commitment to invest in the people and processes necessary to deliver
the best technologies in the industry for our advisors and employees. Mr. Fetter
has responsibility for product development, digital transformation and technology
support, security, and innovation. He also serves on the Management Committee
and the Risk Oversight Committee for LPL and chairs the Technology Investment
and Strategy Committee. Combined, these efforts ensure alignment of technology
initiatives with strategic business priorities. Prior to joining us in December
2012, Mr. Fetter was vice president and chief information officer for Dell Online
from March 2007 to December 2012, where he led the digital transformation of
Dells approach to providing global, multi-channel solutions for consumers and
commercial customers. Earlier, Mr. Fetter worked at Mercer Human Resource Consulting,
where he served as director of global applications development, chief information
officer, and ultimately global chief information officer during his tenure.
He held previous positions at Hewitt Associates LLC and Electronic Data Systems.
Mr. Fetter has a B.S. in computer information systems from Spring Hill College
in Mobile, AL.
Thomas Gooley — Managing Director, Service, Trading, and Operations
Mr. Gooley is the managing director of Service, Trading, and Operations at LPL
Financial. In this role, he is responsible for leading our service, trading,
and client-facing operations organizations, while mitigating risk, increasing
efficiency, and improving the client experience. He also is responsible for
driving the strategy, governance, and execution of the firm’s business
process outsourcing activities in India. Prior to joining us in June 2015, he
was senior managing director and chief risk officer for the Retirement and Individual
Financial Services division at TIAA-CREF from August 2014 to June 2015. Previously,
he worked as managing director and head of Operations for the Global Wealth
and Asset Management divisions of Morgan Stanley. Earlier in his career, Mr.
Gooley led equities and futures operations for Bank of America Securities after
spending 12 years with Goldman Sachs in a variety of leadership roles in equities
operations. Mr. Gooley holds a B.A. in political economies of industrial societies
from the University of California at Berkeley and a M.B.A. from The Wharton
School at the University of Pennsylvania. Mr. Gooley is also a graduate and
instructor of the Securities Industry and Financial Markets Association (SIFMA)
Wharton Program.
J. Andrew Kalbaugh — Managing Director, Divisional President, Relationship
Management and Business Consulting
Mr. Kalbaugh has served as managing director and divisional president of Relationship
Management and Business Consulting for the Advisor and Institution Solutions
business unit since January 2016. He is responsible for the long-term growth,
satisfaction, and retention of financial advisors and institutions and also
oversees the teams supporting high net worth and registered investment advisor
solutions. Previously, Mr. Kalbaugh served as managing director and divisional
president of Institution Services and led business development and business
consulting for all financial institutions from November 2011 to January 2016.
Prior to being named managing director in 2011, Mr. Kalbaugh served as executive
vice president, business consulting, for Independent Advisor Services, responsible
for providing support to advisors and their practices. He joined the Company
in July 2007 following the acquisition of Mutual Service Corporation (MSC) and
served as chief executive officer for MSC as well as for Associated Securities
Corporation. Prior to that, he held senior positions at serveral financial services
firms. Mr. Kalbaugh is a Certified Financial Planner and has a B.A. in business
and economics from the University of Maryland.
Sallie R. Larsen — Managing Director, Chief Human Capital Officer
Ms. Larsen is our managing director, chief human capital officer. She is responsible
for overseeing compensation and benefits, corporate communication, corporate
real estate, human resources operations, human resources client consulting,
and advisor and employee learning and development. Ms. Larsen joined us in May
2012 from the Federal Home Loan Bank/Office of Finance, where she served as
the chief human resources officer from November 2009 to April 2012. In earlier
roles, Ms. Larsen was a managing vice president of human resources for Capital
One Financial Corporation, senior vice president of human resources for Marriott
International, and vice president of human resources and communications for
TRW Inc. Ms. Larsen earned a M.A. in communications from Purdue University,
a B.A. in sociology from California Lutheran University, and a certificate in
executive leadership coaching from Georgetown University.
William P. Morrissey, Jr. — Managing Director, Divisional President,
Business Development
Mr. Morrissey has served as managing director and divisional president of Business
Development for the Advisor and Institution Solutions business unit since January
2016. In this role, he has responsibility for attracting and recruiting new
financial advisors and institutions to the firm and for driving the exploration
of new markets and capabilities for growth across client groups. He also oversees
the process for integrating new advisors into the firm. Prior to assuming this
role, Mr. Morrissey served as managing director and divisional president of
Independent Advisor Services and led business development and business consulting
for all independent advisors and registered investment advisors from April 2014
to January 2016. Prior to being named managing director, Mr. Morrissey served
as executive vice president of business development, Independent Advisor Services,
responsible for recruiting new advisors and their practices from March 2004
to April 2014. He joined the Company in March 2004 as senior vice president
of Advisory Consulting Services, responsible for overseeing and successfully
building the sales, marketing, and development of LPLs advisory platforms.
Before joining LPL Financial, Mr. Morrissey worked at Fidelity Investments for
17 years, most recently as senior vice president of institutional services.
He received a B.A. in political science from Boston College.
Michelle Oroschakoff — Managing Director, Chief Risk Officer
Ms. Oroschakoff is managing director, chief risk officer for LPL Financial and
serves as chair of our Risk Oversight Committee. She is responsible for company-wide
risk management processes and controls, manages compliance and governance, and
has a leading role in the Companys ongoing focus on enhancing its corporate
risk profile. Ms. Oroschakoff has more than 20 years of financial services industry
experience deeply rooted in legal, compliance, and risk management. She joined
LPL Financial in September 2013 from Morgan Stanley, where she most recently
served as managing director and Global Chief Risk Officer of the firm’s
Global Wealth Management Group from 2011 to 2013. Previously, while with Morgan
Stanley, she served as chief administrative officer from 2010 to 2011, as well
as Chief Compliance Officer from 2006 to 2010. Earlier in her career, Ms. Oroschakoff
spent 11 years in a variety of legal and compliance roles at Morgan Stanley,
including associate general counsel and head of the firm’s San Francisco
litigation department. She also served as the general counsel for a large and
successful RIA firm, where she became familiar with the independent model. She
also serves on a variety of industry committees. Ms. Oroschakoff earned a J.D.
cum laude, Order of the Coif, from the University of Michigan and a B.A. in
English literature from the University of Oregon.
Ryan Parker — Managing Director, Investment and Planning Solutions
Mr. Parker is managing director, Investment and Planning Solutions for the Advisor
and Institution Solutions business unit. He leads distribution strategy for
the advisory, brokerage, insurance, retirement, and financial planning businesses,
helping advisors and institutions navigate an increasingly complex landscape
of platforms, products, marketing programs, services, and tools. Prior to his
promotion to managing director in June 2014, Mr. Parker served as executive
vice president, Investment and Planning Solutions, which consisted of the teams
providing advisory and brokerage product and platform expertise and financial
planning. Prior to joining LPL Financial in April 2013, he was managing director,
National Accounts and Business Development at Russell Investments, a global
asset manager. At Russell Investments, he served in a range of senior leadership
roles in the U.S. advisor market, spanning the sales, marketing, and product
functions. He joined Russell Investments in December 2007. Earlier in his career,
he worked for Franklin Templeton and Putnam Investments. Mr. Parker earned a
B.A. in political science from the University of Michigan at Ann Arbor and studied
finance and accounting at Stanford Graduate School of Business.
George B. White — Managing Director, Research and Chief Investment Officer
Mr. White has served as our managing director, research and chief investment
officer since 2007. He is responsible for the strategic direction and continued
growth of the LPL Financial research platform and in 2015 he also became responsible
for corporate strategy. His role includes setting the vision for superior research
capabilities and enabling the delivery of conflict-free, objective investment
advice by LPL Financial advisors. Prior to joining us in November 2007, Mr.
White served as a managing director and director of research for Wachovia Securities
for 10 years. Mr. White also was an investment analyst for Mercer Investment
Consulting, where he provided investment advice to institutional clients. He
started his financial services career on the buy side of the business as a research
analyst for Thompson, Siegel, and Walmsley, a value-oriented asset manager.
Mr. White received a B.B.A. from the College of William and Mary.
Lpl Financial Holdings Inc currently has 10000 employees.
News about Lpl Financial Holdings Inc Key Personnel |
LPL Financial: A Resilient Player in the Investment Services IndustryIn its monthly earnings report for April 2025, LPL Financial Holdings Inc. displayed remarkable resilience and strategic foresight, solidifying its position within the competitive investment services landscape. The company, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA), reported impressive metrics reflecting both its operational strengths and the challenges it faces. Key Metrics and PerformanceFor the first quarter of 2025, LPL Financial achieved an impressive return on equity (ROE) of 38.39%, which notably exceeds its average historical ROE of 34.1%. However, it is important to highlight that this figure represent...
|
In a recent display of strategic foresight, LPL Financial Holdings Inc. has solidified its commitment to excellence in the investment services industry through executive leadership expansions and impressive financial metrics. With the appointment of Tara Thompson Popernik as the new Executive Vice President of Wealth Planning, LPL continues to focus on bolstering its wealth planning and service solutions, following the promotion of five seasoned executives to Managing Director roles earlier in the month. Enhanced Leadership to Drive Future GrowthThe elevation of leadership at LPL reflects an understanding of the competitive pressures within the market. With newly appointed executives, including Thompson Pope...
|
In a noteworthy development signaling its strategic commitment to growth, LPL Financial Holdings Inc. has announced the promotion of five executives to new Managing Director roles. This decision underscores the firm’s focus on strengthening its leadership team as it navigates the competitive landscape of the investment services industry. The executives stepping into these elevated positions include Christa Carone, Gary Carrai, Brett Goodman, Scott Posner, and Brent Simonich, each bringing a wealth of experience and expertise to their new roles.The announcement comes on the heels of a solid performance by LPL Financial, with shares of the company recording an impressive 8.18% gain over the past five trading...
|
LPL Financial Amplifies Its Market Presence with Strategic Acquisitions and New PartnershipsLPL Financial Welcomes Trimp Wealth Management: A Step Toward Greater Market PenetrationIn an era where the financial landscape is evolving rapidly, LPL Financial LLC has shown robust growth and commitment to enhancing its service offerings. On April 9, 2025, the company announced another significant addition to its growing family of financial professionals by welcoming father-and-son duo Patrick Trimp, CFP, and Jack Trimp, ChFC, from Trimp Wealth Management. This move not only highlights LPL Financial s strategy to bolster its advisory capabilities but also underscores its position as a leading player in the financia...
|
LPL Financial Expands Its Reach with Oxford Oaks Capital PartnershipIn a significant move poised to enhance its market presence, LPL Financial LLC announced today that financial advisor Austin Greer, CRPS, has joined the firm under its employee advisor channel, Linsco by LPL Financial, to initiate Oxford Oaks Capital of LPL Financial. This partnership aims to bolster LPL s capabilities in serving clients through financial advisory, brokerage, and retirement planning services.Austin Greer arrives at LPL Financial with a robust portfolio, managing around $600 million in advisory, brokerage, and retirement plan assets. Previously, he was associated with UBS, where he honed his expertise in the financial servic...
|
In a significant move within the financial advisory industry, LPL Financial LLC announced the addition of Justin Lotano, a Certified Divorce Financial Analyst (CDFA), to its broker-dealer, Registered Investment Advisor (RIA), and custodial platforms. Lotano, who previously served at Wells Fargo Advisors Financial Network, brings with him a robust portfolio, overseeing approximately $250 million in advisory, brokerage, and retirement assets. This addition reflects LPL s ongoing strategy to enhance its wealth management capabilities and expand its network of experienced advisors.The influx of talent is timely, as LPL Financial Holdings Inc. observes positive momentum in its stock performance, currently just 6....
|
LPL Financial Strengthens Its Team and Performance in 2024: Welcoming New Advisors Amidst Impressive ROE GrowthIn a move that underscores its commitment to expanding its advisory capabilities and enhancing client service, LPL Financial LLC announced the addition of financial advisors Larry Forlenza and Carl Hanks to its broker-dealer, Registered Investment Advisor (RIA), and custodial platforms. As reported in a recent press release dated January 15, 2025, Forlenza and Hanks come to LPL from Raymond James Financial Services, bringing with them a substantial portfolio of approximately $430 million in advisory, brokerage, and retirement plan assets.The inclusion of advisors like Forlenza and Hanks highlights L...
|
In a bold move that underscores its commitment to growth and innovation, LPL Financial has welcomed financial advisor John Somerville into its ranks, launching Somerville Wealth Management within the esteemed Linsco channel. This strategic addition not only strengthens LPL’s advisory capabilities but also reflects the firm’s ongoing efforts to enhance client engagement and satisfaction in a fast-evolving financial landscape. A Strategic AdditionJohn Somerville comes to LPL Financial with an impressive track record, having served approximately $280 million in advisory, brokerage, and retirement plan assets. His previous experience at D.A. Davidson and Co. equips him with the insights and tools necessary t...
|
In an evolving financial landscape where technology plays an increasingly critical role, LPL Financial Holdings Inc. has positioned itself at the forefront of the advisor and investor experience by leveraging cutting-edge financial technology. This strategy enables financial advisors to optimize their operations, provide personalized client experiences, and deliver advanced financial advice—a trifecta that enhances client satisfaction and loyalty.Recent performance metrics highlight LPL s robust operational foundation. In the third quarter of 2024, the company reported an impressive return on equity (ROE) of 55.44%, significantly surpassing its historical average of 33.83%. This high ROE underscores the fi...
|
As we stand on the precipice of the new year, LPL Financial is unveiling its 2025 Outlook, encapsulating a landscape marked by pragmatic optimism. This comprehensive report offers a snapshot of the anticipated economic and market environment, providing valuable insights for investors and financial advisors alike. As LPL Financial embarks on this reflective journey, it simultaneously navigates the winds of change within the wealth management sector through strategic growth and a staunch commitment to advisor independence.The recent announcements from LPL Financial highlight not only a forward-thinking approach but also a robust commitment to enhancing its service offerings. On December 9, 2024, the company we...
|
|
|
